Colorado Springs Homes with Unfinished Basement

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Newest Colorado Springs Homes with Unfinished Basement

$690,000

8 Beds ⋅ 4 Baths ⋅ 3703452 MLS

33 University Drive is a well-positioned 4-unit multifamily asset located in the Southeast Colorado Springs submarket. This investment offers investors a balance of in-place cash flow paired with recent renovation upside. Originally constructed in 1969 and renovated in 2021, the property consists of 3,111 square feet across four units, all configured as 2-bedroom, 1-bath layouts. The asset benefits from affordable rent positioning relative to the broader Colorado Springs market, strong tenant demand, and proximity to major retail, convenience & employment corridors. With continued population growth and rental demand in Colorado Springs, the property presents an opportunity for stable income with long-term appreciation potential.

33 University Drive, Colorado Springs

Courtesy of Cushman & Wakefield . lee.wagner@cushwake.com,417-459-2155

$390,000

3 Beds ⋅ 2 Baths ⋅ 9728649 MLS

Located just minutes from the heart of downtown Colorado Springs, this 3-bedroom, 2-bath home offers a unique combination of character, flexibility, and value. Recent exterior improvements, including fresh paint and refreshed landscaping, further enhance the property's appeal. Inside, original hardwood floors, built-ins, and classic architectural details reflect the home's historic character, while thoughtful improvements provide modern comfort. The main kitchen features updated cabinetry and stainless steel appliances, and both bathrooms include more current finishes. A standout feature is the flexible layout, including a second kitchen and separate access to the upper level. Whether you're looking for space for multi-generational living, guests, a home office setup, or potential income-producing use, this home offers a variety of possibilities. Major system improvements have already been completed, including new air conditioning, furnace, and water heater, updated electrical panel, new PEX supply lines throughout, and a replaced sewer line to the city main—providing added confidence that many of the major components have already been addressed. Additional highlights include dedicated off-street parking, an enclosed front sunroom, a spacious backyard with concrete patio and fire-pit area, and a highly walkable location near the revitalized south end of downtown and the downtown core.

312 E Cimarron Street, Colorado Springs

Courtesy of Walston Group Real Estate . janelle@walstongroup.com,719-477-1410

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